A meteoric year for Capital Alliance Investment Group's founder and Managing Director Mohan Du has been capped with the developer receiving the Australian Property Institute’s ‘Young Achiever of the Year’ award for Victoria.
At only 28 years old, Mohan Du has presided over the firm which has seen the delivery of its first major development, M Docklands. With final touches being applied to the mixed-use tower, its imminent opening will usher in Docklands' first five star hotel under the Peppers brand with the hotel's first completed suite revealed during August.
With the award, Australian Property Institute acknowledged the enormous responsibility placed upon Mohan Du's shoulders, and the subsequent success enjoyed by the firm. Having being established during 2012, Capital Alliance Investment Group now holds a 7-year pipeline of Melbourne projects valued at approximately $1.2 billion.
Winning this award puts the icing on the cake on what has been a very enjoyable and successful year for Capital Alliance. As a passionate Melburnian, my vision is to turn the world’s most liveable city into an international beacon for beautifully designed, innovative, supremely liveable and workable landmarks.
Whilst it’s a great honour to win this prestigious award, the thing I’ve been most proud of so far in my career is creating jobs, investments and lifestyle changes in my home city, and I will continue to do just that.Mohan Du, founder and managing director of Capital Alliance Investment Group
With M Docklands all but complete Capital Alliance Investment Group's focus will shift to multiple upcoming projects. Kings Domain Apartments on Dorcas Street Southbank looms as the next project set for construction, with the SJB Architects-designed tower looking to add to an already popular apartment sub precinct within the suburb.
115-129 King Street Melbourne has also been acquired with settlement for the likely development site due in March 2016.
It is Docklands through where the bulk of Capital Alliance Investment Group development will occur in the medium term. Urban Melbourne previously highlighted their pending mixed-use tower located at 3-43 Waterfront Way, with 188 hotel suites and 287 traditional apartments within the 37 level, DKO Architecture-designed building.
Also the work of DKO Architecture, 26-38 Pearl River Road is subject to a development application with two towers set above ground floor retail space. The northern 29 level tower stands at 92 metres in height, with a smaller 19 level tower in tow.
In total 408 dwellings are included within the development, comprising 141 x one bedroom, 266 x two bedroom and 1 x three bedroom apartments. A gym, communal dining/lounge, cinema, landscaped deck and swimming pool are included as are allowances for 186 resident car spaces and 127 bicycle spaces.
Both 26-38 Pearl River Road and 3-43 Waterfront Way entered planning simultaneously mid year after the sites were purchased from Ashe Morgan by Capital Alliance Investment Group.